Miami Housing Market Faces Decline Amid Climate Dangers
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, highlights how Miami’s once-booming real estate market is collapsing, with home prices dropping 18% between 2022 and 2024. Properties are sitting on the market twice as long as the national average, and skyrocketing insurance costs—driven by hurricanes and climate risk—are pushing residents out. McIntyre links the decline directly to the growing impact of global warming on coastal cities.
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